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EDA to change farmland leases EDA to change farmland leases Originally appeared on "greenbaypressgazette.com" March 11, 2010 The EDA leases undeveloped land in the I-43 Business Center and University Heights Commerce Center for row crops and hay. The authority considered putting the leases up for bid, but farmer Garry Boucher argued that it would be unfair to small farmers who have leased the land for years. "You're raising the price at a time when the market is flat," Boucher said. The authority is leasing land at $35 an acre under automatic renewal contracts. A staff survey found market prices of $75 to $150 per acre for prime farmland. Some of the EDA property is lesser quality. Derek Lord, city economic development director, said the board should at least terminate the automatic renewals for contracts on which prices can be adjusted. The EDA voted to terminate automatic renewal contracts beginning in 2011 and authorized staff to negotiate new prices based on market prices and the quality of the parcels being leased.
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Buying and selling of agricultural land can be very complex. To help you tackle the issues surrounding agricultural land transactions, Farms.com Real Estate has compiled a list of experts in the areas of agricultural economics and land values.

University of Illinois

Department of Agricultural and Consumer Economics, Extension Specialist, Farm Management
Gary Schnitkey
schnitke@uiuc.edu

Department of Agricultural and Consumer Economics, Extension Specialist, Farm Management
Dale Lattz
d-lattz@uiuc.edu

Iowa State University

Michael Duffy
mduffy@iastate.edu
http://www.econ.iastate.edu/faculty/duffy/landnew.html

Kansas State University

Kevin Dhuyvetter
Professor and Extension Specialist, Farm Management
kcd@ksu.edu

Terry Kastens
Professor and Extension Specialist, Farm Management
tkastens@agecon.ksu.edu

Michigan State University

Stephen Harsh
Professor and Extension Specialist in Agricultural Economics
harsh@msu.edu

Eric Wittenberg
Outreach Specialist
wittenbe@msu.edu

University of Minnesota

Philip Raup
Professor Emeritus
praup@umn.edu

David Bau
Agricultural Business Management, Agricultural Business Management
bauxx003@umn.edu


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